Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.
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ACSF: NGVs Only 2% of U.S. Gas Demand in 2025
Natural gas vehicles (NGV) will represent just 2% of the overall demand for natural gas in the United States by 2025, making them unlikely to cause a spike in natural gas prices, according to a report by the American Clean Skies Foundation (ACSF).
Industry Briefs
Chevron Corp. increased its natural gas output in the first two months of 2013 at the same time it was collecting higher gas prices than it did a year ago. In the United States, net gas production in January and February averaged 1.256 Bcf/d, versus 1.170 Bcf/d for the full three-month first quarter of 2012. Global net gas output climbed 5.4% to average 5.291 Bcf/d in January and February, compared to 5.019 Bcf/d in 1Q2012. The producer, which is scheduled to release its 1Q2013 earnings report on April 26, said realized prices for U.S. gas averaged $3.06/Mcf in the first two months of this year, compared with $2.48 in 1Q2012. U.S. net oil-equivalent production increased to 663,000 boe/d in the first two months of 2013 compared with 651,000 boe/d in 1Q2012, but it was down from 4Q2012’s total of 674,000 boe/d because of maintenance activity in the Gulf of Mexico.
Chevron’s U.S. Natural Gas Volumes, Prices Rise; Oil Declines
Chevron Corp. increased its natural gas output in the first two months of 2013 at the same time it was collecting higher gas prices than it did a year ago.
Export of NGLs Will Bolster Gas Production, Analysts Say
Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.
Fuel-Switching Drove CO2 Emissions to Nearly 20-Year Low
Energy-related carbon dioxide (CO2) emissions last year were the lowest in the United States since 1994 at 5.3 billion metric tons due to the increasing reliance on lower-priced natural gas to fuel power generation, according to the Energy Information Administration (EIA). With the exception of 2010, carbon emissions have declined every year since 2007.
Krancer Mentioned as Possible Pennsylvania Supreme Court Nominee
Pennsylvania Gov. Tom Corbett is looking for a new secretary to lead the Department of Environmental Protection (DEP), but in a strange twist the outgoing secretary, Michael Krancer, is reportedly on a short list of names to replace a state Supreme Court justice who resigned Monday after being convicted on corruption charges.
Phillips 66 Moves to Leverage North American Shale Oil
Midstream and downstream energy giant Phillips 66 is positioning itself to take full advantage of the ongoing North American shale oil boom by inking a number of deals to increase supplies of cost-advantaged North American crude oil to its U.S. refineries.
Enough Gas to Fight Over, Thanks to Shales
If/when the United States begins exporting liquefied natural gas (LNG), it could take decades for the number of outbound cargoes to equal the number of press releases, studies and policy briefs generated by either side of the export debate. Besides powering a manufacturing/petrochemical renaissance, North American shale gas is fueling a bonfire of inanities, at least some would say.
Industry Brief
A report developed by the Eagle Ford Shale Task Force released Tuesday outlines the history and facts of the booming South Texas oil and gas play in 155 pages. The report addresses topics such as workforce development, infrastructure (pipelines, roads and housing), regulations, water quality, economic benefits, flaring and air emissions, as well as issues affecting landowners, mineral owners and royalty owners. The task force was formed by Railroad Commission of Texas Commissioner David Porter in 2011 (see Shale Daily, July 29, 2011). “In 2011, the Eagle Ford Shale supported almost 50,000 full-time jobs in 20 counties and contributed over $25 billion dollars to the South Texas economy,” the report said. “From 2011 to 2013, daily hydrocarbon liquid production, including natural gas liquids, increased from 100,000 to 700,000 b/d. These developments have made South Texas one of the most prominent energy-producing regions in the United States.”